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(WHBL Sheboygan)   New Federal Reserve study show that that extra $600/mo in unemployment benefits meant almost another YEAR of keeping the wolf away from the door for the bottom 25% of US household in income   (whbl.com) divider line
    More: Spiffy, Great Depression, Unemployment, Monetary policy, U.S. households' ability, unemployment benefits, lower-income households, Federal Reserve System, United States  
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564 clicks; posted to Politics » on 07 Jul 2021 at 10:30 AM (15 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-07-07 8:47:33 AM  
UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.
 
2021-07-07 9:00:23 AM  
But we can't waste money helping people!
-- McTurdle
 
2021-07-07 9:29:02 AM  
Those expanded unemployment benefits, and the relief checks both did far more for the economy than a hundred corporate bailouts ever did.

Gotta grease those wheels if you want the system to keep running.
 
2021-07-07 9:58:11 AM  
I just had a conversation with a store clerk where he biatched about how they can't find anyone to work because they all make too much on unemployment. Then he told me how he and his girlfriend used they $10K in stimulus to leave a rent in Boston to buy a house in Maine.
 
2021-07-07 10:02:43 AM  
Yes... but think of all the money that didn't go to the rich people.
 
2021-07-07 10:04:05 AM  
Which is why the GOP oppose the benefits.
 
2021-07-07 10:32:00 AM  

yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.


You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.
 
2021-07-07 10:32:21 AM  
Fark user imageView Full Size
 
2021-07-07 10:32:38 AM  
I don't know whether to be happy it helped or depressed that such a small amount helped so tremendously.
 
2021-07-07 10:33:24 AM  
The thing that I fear most isn't the wolf at the door.

The thing I fear is when the people remember that there can be good eating on those wolves.

I just hope we don't burn down the forest in the process.

Something something new growth etc.

Something something raking forests.
 
2021-07-07 10:35:15 AM  
You are an inefficiency to another man's profit.
 
2021-07-07 10:35:39 AM  

NewportBarGuy: Yes... but think of all the money that didn't go to the rich people.


Oblig:

Fark user imageView Full Size
 
2021-07-07 10:36:32 AM  

Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.


That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.
 
2021-07-07 10:36:36 AM  
Which is exactly why Republicans hate the idea.
 
2021-07-07 10:36:55 AM  
Republicans answer to the wolf, not the people.
 
2021-07-07 10:37:04 AM  
I'll take Things The GOP Will Never Allow for $100.
 
2021-07-07 10:37:37 AM  
It took a whole study to know what the 25th percentile of household income was?
 
2021-07-07 10:38:25 AM  
Butbutbut....how does consumers having extra cash help the economy?????
 
2021-07-07 10:40:29 AM  

yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.


bUt If ThEy GeT fReE sTuFf No OnEs GoNnA pAy AnYmOrE
 
2021-07-07 10:44:41 AM  
"He still doesn't understand the concept..."

"The Other Guys" SEC Scene
Youtube CiyKoM4R0nA
 
2021-07-07 10:45:14 AM  
Just throwing this out here, I've yet to receive "my" stimulus check.
 
2021-07-07 10:45:21 AM  

rudemix: Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.

That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.


One of the biggest mistakes America ever made was to believe that fiscal conservatives are smart.
 
2021-07-07 10:46:00 AM  

bloobeary: Those expanded unemployment benefits, and the relief checks both did far more for the economy than a hundred corporate bailouts ever did.

Gotta grease those wheels if you want the system to keep running.


Fark user imageView Full Size
 
2021-07-07 10:46:21 AM  
But the local restaurant cant get people working 50hrs a week at tipped minimum wage and no benefits! How are they going to make it?
Me: Pay more
Them: But then I will only have enough money to be comfortable instead of buying a new car each year! WHAT ABOUT MY NEEDS
 
2021-07-07 10:47:28 AM  

rudemix: Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.

That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.


As long as they can scream about libs, it's all worth it.
 
2021-07-07 10:47:34 AM  

TofuTheAlmighty: NewportBarGuy: Yes... but think of all the money that didn't go to the rich people.

Oblig:

[Fark user image 850x512]


shakes tiny fist
 
2021-07-07 10:48:11 AM  
Joe Biden personally controls the price of Popeye's chicken sandwich, btw.
 
2021-07-07 10:50:33 AM  

anfrind: rudemix: Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.

That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.

One of the biggest mistakes America ever made was to believe that fiscal conservatives are smart.


That and they're not actually fiscally conservative. They'll spend a sh*tload of money if it helps them get kickbacks from their pals.
 
2021-07-07 10:55:47 AM  

KiwDaWabbit: anfrind: rudemix: Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.

That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.

One of the biggest mistakes America ever made was to believe that fiscal conservatives are smart.

That and they're not actually fiscally conservative. They'll spend a sh*tload of money if it helps them get kickbacks from their pals.


That's what fiscal conservativism always has been.  The mistake was to let them trick us into thinking that fiscal conservatism meant fiscal responsibility.
 
2021-07-07 10:56:29 AM  

yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.


Nah they figured out that property ownership is the greatest way towards establishing generational wealth for the average person.

Which is why corporations are buying up tons of houses during the financial insecurity of the pandemic so that they can turn them into rentals.

So it'll be interesting as we move forward and people realize that they both can't afford a house, much less find an available property.
 
2021-07-07 11:00:16 AM  

KiwDaWabbit: anfrind: rudemix: Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.

That's a legit argument to some people who are foolish enough to believe that sandwich wont go up a dollar anyway.

One of the biggest mistakes America ever made was to believe that fiscal conservatives are smart.

That and they're not actually fiscally conservative. They'll spend a sh*tload of money if it helps them get kickbacks from their pals.


I like how conservatives still like to pretend that the Bush years didn't happen.
 
2021-07-07 11:01:17 AM  

bloobeary: Those expanded unemployment benefits, and the relief checks both did far more for the economy than a hundred corporate bailouts ever did.

Gotta grease those wheels if you want the system to keep running.


Turns out money actually tricked UP.
 
2021-07-07 11:02:05 AM  
We need UBI but it needs to be means tested.  Dont want any of them to be able to qualify.
 
2021-07-07 11:04:49 AM  

physt: I just had a conversation with a store clerk where he biatched about how they can't find anyone to work because they all make too much on unemployment. Then he told me how he and his girlfriend used they $10K in stimulus to leave a rent in Boston to buy a house in Maine.


So people with dead end jobs with no benefits and no future don't want to give up the first real chance they've ever had in their lives in order to take another dead end job?  Shocking.

And buying a house is always a good thing.  Hopefully they'll get better jobs soon too.  Don't know these people, but I'm pulling for them, along with anyone trying to do better.
 
2021-07-07 11:07:07 AM  

Lumbar Puncture: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

Nah they figured out that property ownership is the greatest way towards establishing generational wealth for the average person.

Which is why corporations are buying up tons of houses during the financial insecurity of the pandemic so that they can turn them into rentals.

So it'll be interesting as we move forward and people realize that they both can't afford a house, much less find an available property.



I still don't quite comprehend this.  There is vast vast tracts of cheap real estate  . . .and much of it within a reasonable commute.   Yet no one's moving to Gary Indiana or Detroit.
 
2021-07-07 11:07:52 AM  

Saiga410: We need UBI but it needs to be means tested.  Dont want any of them to be able to qualify.


media1.tenor.comView Full Size
 
2021-07-07 11:09:59 AM  

MelGoesOnTour: Just throwing this out here, I've yet to receive "my" stimulus check.


I haven't filed a tax return in 30 years and I figured out how to get them all. Took a few minutes on a government website, putting in my info.
 
2021-07-07 11:13:15 AM  

yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.


Housing can be cheap.  UBI can maybe be afforded.

Housing in extremely desirable ZIP codes is inevitably going to be expensive though.

We can create all the housing we want in Sandusky but people want to be within six blocks of Venice Beach and will live in a tent to do it.  Start building more free housing in those prime places, you'll get a million more people from rural Arkansas saying "well, shiat, I'd take a free place to live in LA".
 
2021-07-07 11:17:17 AM  
So yesterday I was on mg motorcycle in the middle of farking nowhere (20 miles north of Longview Washington) and my rear tire blew out.

My tow truck driver was a charming fellow who along with being a world-renowned climate scientist was also an economics guru. He told me that the $600/mo kicker was "just letting lazy people be more lazy" and how he lost two drivers who "just went on unemployment to get the money".

I was literally (LITERALLY) sitting against a trump flag as he was explaining this to me.

Only thing I could think of was that I'm pretty sure you can't just quit and go on unemployment, and if he's paying folks so poorly and doing such a shiatty job managing them that they'd rather be (somehow...) on this unemployment than work for him he's an ass.

I'm glad he picked me up, I'm also glad he took me to the best motorcycle shop in Longview (the only one in Longview, still seems like a cool shop) but I'm pretty sure he's full of shiat.
 
2021-07-07 11:20:27 AM  

TheSubjunctive: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

Housing can be cheap.  UBI can maybe be afforded.

Housing in extremely desirable ZIP codes is inevitably going to be expensive though.

We can create all the housing we want in Sandusky but people want to be within six blocks of Venice Beach and will live in a tent to do it.  Start building more free housing in those prime places, you'll get a million more people from rural Arkansas saying "well, shiat, I'd take a free place to live in LA".


Works for me
 
2021-07-07 11:20:44 AM  

omg bbq: So yesterday I was on mg motorcycle in the middle of farking nowhere (20 miles north of Longview Washington) and my rear tire blew out.

My tow truck driver was a charming fellow who along with being a world-renowned climate scientist was also an economics guru. He told me that the $600/mo kicker was "just letting lazy people be more lazy" and how he lost two drivers who "just went on unemployment to get the money".

I was literally (LITERALLY) sitting against a trump flag as he was explaining this to me.

Only thing I could think of was that I'm pretty sure you can't just quit and go on unemployment, and if he's paying folks so poorly and doing such a shiatty job managing them that they'd rather be (somehow...) on this unemployment than work for him he's an ass.

I'm glad he picked me up, I'm also glad he took me to the best motorcycle shop in Longview (the only one in Longview, still seems like a cool shop) but I'm pretty sure he's full of shiat.


I guess we'll see in six months to a year if he has people begging him for jobs as he imagines.
 
2021-07-07 11:25:11 AM  

RyansPrivates: I don't know whether to be happy it helped or depressed that such a small amount helped so tremendously.


This right farking here.

There's something seriously wrong with an economic system where $600 a month is the difference between eating and starving (or having a roof over their heads vs. being homeless) for one out of every four people.

And where businesses pay shiatty wages, then complain when meager government assistance makes their shiatty wages irrelevant.
 
2021-07-07 11:27:32 AM  
And the cost of housing will be going up considerably in the next 7-10 quarters.

The economy finds balance to any artificial infusion.
 
2021-07-07 11:28:09 AM  

yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.


It's certainly cheaper than paying for the consequences and repercussions. Other countries have figured this out - it's time we caught a clue, too.
 
2021-07-07 11:28:28 AM  

goatharper: MelGoesOnTour: Just throwing this out here, I've yet to receive "my" stimulus check.

I haven't filed a tax return in 30 years and I figured out how to get them all. Took a few minutes on a government website, putting in my info.


When I check on my status (presumably on the same website you're talking about) the only info I get is that I'm "eligible", nothing more than that. And there's no one to call who has more info, either.
 
2021-07-07 11:30:22 AM  

anfrind: Republicans answer to the wolf, not the people.


Historically, major predators which feed on humans are eventually hunted to annihilation.

As a species, we don't take being at the bottom of the food chain very well.
 
2021-07-07 11:31:18 AM  

log_jammin: Butbutbut....how does consumers having extra cash help the economy?????


Someone will have asked that question by now, and they weren't going for irony.
 
2021-07-07 11:34:41 AM  

TheSubjunctive: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

Housing can be cheap.  UBI can maybe be afforded.

Housing in extremely desirable ZIP codes is inevitably going to be expensive though.

We can create all the housing we want in Sandusky but people want to be within six blocks of Venice Beach and will live in a tent to do it.  Start building more free housing in those prime places, you'll get a million more people from rural Arkansas saying "well, shiat, I'd take a free place to live in LA".


I'd love LA.  I'd gladly settle for Little Rock.
 
2021-07-07 11:35:20 AM  

Subtonic: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

You want your fast food fried chicken sandwich to go up another dollar? Yeah, didn't think so, comrade.


4% .  study after study shows that raising the minimum wage for all workers to $15/hr would only require a 4% rise in food prices at a typical fast food restaurant.  Am I willing to kick in an extra $0,12 per Big mac to give the workers a living wage?   You're damn skippy I am
 
2021-07-07 11:37:39 AM  

DarnoKonrad: Lumbar Puncture: yohohogreengiant: UBI.

Inflation is going to happen anyway. Let's put families in houses. It's cheap, we can afford it.

Nah they figured out that property ownership is the greatest way towards establishing generational wealth for the average person.

Which is why corporations are buying up tons of houses during the financial insecurity of the pandemic so that they can turn them into rentals.

So it'll be interesting as we move forward and people realize that they both can't afford a house, much less find an available property.


I still don't quite comprehend this.  There is vast vast tracts of cheap real estate  . . .and much of it within a reasonable commute.   Yet no one's moving to Gary Indiana or Detroit.


Maybe if so many people didn't let those cities dwell rent free in their minds all the time the property values would be worth more
 
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